Barclays PLC Sells 158,767 Shares of Sony Group Co. (NYSE:SONY)

Barclays PLC trimmed its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 97.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,340 shares of the company's stock after selling 158,767 shares during the quarter. Barclays PLC's holdings in Sony Group were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SONY. Mediolanum International Funds Ltd purchased a new position in shares of Sony Group in the 3rd quarter worth about $109,462,000. Fisher Asset Management LLC boosted its holdings in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company's stock worth $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Alight Capital Management LP purchased a new position in shares of Sony Group in the 2nd quarter worth about $12,742,000. Finally, Delta Capital Management LLC boosted its holdings in shares of Sony Group by 400.0% in the 3rd quarter. Delta Capital Management LLC now owns 162,925 shares of the company's stock worth $15,734,000 after purchasing an additional 130,340 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of research reports. TD Cowen cut their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a report on Friday, October 11th. Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday. They issued an "outperform" rating for the company. Finally, StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sony Group has an average rating of "Buy" and a consensus price target of $24.00.

Sony Group Trading Up 1.5 %

SONY traded up $0.31 during midday trading on Monday, reaching $20.64. 2,992,846 shares of the company's stock traded hands, compared to its average volume of 2,500,774. The firm has a fifty day moving average of $20.45 and a two-hundred day moving average of $12.69. The stock has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.